New Zealand: Inflation stable in Q4
January 22, 2021
Consumer prices increased 0.5% in Q4 2020, coming in below Q3’s 0.7% rise. In terms of specific categories, higher prices for domestic accommodation, construction and used cars drove the quarter-on-quarter increase in prices.
Meanwhile, inflation was stable at Q3’s 1.4% in Q4, thus remaining below the Central Bank’s 2.0% target.